Significant changes in resource-allocation choices in the business and implementation activities that align the firm's strategy with its vision are referred to as ________.

Question

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Strategic changes involve making significant shifts in resource allocation and implementation activities in order to align the firm's overall strategy with its vision. This may involve changes in product lines, target markets, partnerships or other key areas of focus in order to ensure that the firm is moving in the right direction to achieve its long-term goals. Process changes may be a part of this process, but they alone do not capture the broader shift in strategic focus that is required for true alignment with the firm's vision. Vision and allocation changes, while related, are not as comprehensive in scope as strategic changes.

Significant Changes in Resource-Allocation Choices in the Business and Implementation